Q4 2024 Assa Abloy AB Earnings Call Transcript

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Feb 05, 2025

Feb 05, 2025 / 08:00AM GMT
Bjorn Tibell - Assa Abloy AB - Head of Investor Relations

Good morning, everyone, and welcome to the presentation of ASSA ABLOY's 2024 year-end report. My name is Björn Tibell, I'm heading Investor Relations. And joining me here in the studio are our CEO, Nico Delvaux; and our CFO, Erik Pieder.

We'll start this conference as usual with a summary now of the report, and then we'll open up for your questions. And we have set aside about one hour for this conference. So with that, over to you, Nico.

Nico Delvaux - Assa Abloy AB - President, Chief Executive Officer, Head of the Global Technologies Division and Asia Pacific Division

Thank you, Björn, and also good morning from my side. Q4 results, I would say, very much in line with previous quarters. Therefore, Q4, we had a stable organic sales development. To be precise, minus 0.3% organic growth. With strong sales growth in Global Tech, good sales growth in Americas, a stable sales growth in EMEIA, but then sales decline in Entrance Systems and significant sales decline in APAC, reflecting a little bit

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